Global ETF News Older than One Year
ETF Securities Commodity ETP Weekly
November 30, 2015--Commodity turning point echoed by commodity basket inflows
A shortened trading week saw oil and most industrial metals prices increase as investors become more confident that we are close to the trough in the commodity market. Flows into our commodity baskets echo this sentiment.
Gold, viewed a defensive asset that performs poorly in higher real rate environments, saw a second co nsecutive week of outflows. We believe that such pessimism for the metal could be misplaced.
Despite some optimism expressed in the market last week, we doubt OPEC will change course at its meeting on Friday.
More investors return to commodity markets. ETFS Longer Dated All Commodities GO UCITS ETF (COMF) received US$24.2mn last week in an indication that more investors are convinced that commodities have hit a turning point. Year-todate inflows into diversified commodity baskets have risen to US$429.2mn this year, compared to US$206.1mn in 2014, US$53.5mn in 2013 and an outflow of 21.6mn in 2012.
Source: ETF Securities
Source: What are the odds of the unexpected happening in 2016?
November 30, 2015--The economic and market environment for next year should favour equities, particularly in Japan and the Eurozone due to the low interest rate policies being adopted by their central banks, while Japanese real estate should also perform well.
These views are based on the most likely scenario for 2016, according to the Multi-Asset Research team at Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe. The team's latest publication also explains why fixed income could disappoint in 2016' with shorter duration US high yield being a possible exception.
Source: Source
Implementation monitoring of the PFMI:
November 30, 2015--The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published the report on Assessment and review of application of Responsibilities for authorities.
This report presents the findings of the CPMI-IOSCO assessment of the completeness and consistency of frameworks and outcomes arising from jurisdictions' implementation of the Responsibilities for authorities in the Principles for financial market infrastructures (PFMI).
view the Assessment and review of application of Responsibilities for authorities
Source: IOSCO
Banks embrace 'the age of asset management'
November 30, 2015--"The age of asset management is upon us," said Andrew Haldane, chief economist of the Bank of England,
in a speech that became the talking point of the financial industry 18 months ago.
Source: FT.com
IMF expected to include yuan in SDR currency basket
November 30, 2015--The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).
The prospects of inclusion, which will represent public acknowledgement of China's heft in the global economy, look pretty high given that the U.S., a major investor in the fund, ...
Trade repositories fall short warns CPMI-IOSCO study
November 30, 2015--Just under two-thirds of the world's leading nations in capital markets have now adopted international best practices, according to a new report on financial market infrastructures, but more work is needed on trade repositories.
Source: bankingtech.com
China, Britain studying feasibility of Shanghai-London Stock Connect
November 28, 2015--Chinese and British securities watchdogs are studying the feasibility of a proposed program to link the two countries' stock markets, the China Securities Regulatory Commission (CSRC) said Friday.
CSRC vice head Fang Xinghai met with London Stock Exchange CEO Nikhil Rathi this week. They discussed the Shanghai-London Stock Connect and other financial cooperation measures, according to a CSRC statement.
Source: chinadaily.com.cn
SSgA-ETF Snapshot-October 2015
November 27, 2015--State Street Global Advisors Highlights, October 2015
Global equity indices had very strong returns in the month of October. The S&P 500(R)led the equity group with a positive return of 8.4% and MSCI EAFE was close behind with 7.8% for the month. MSCI EM and ACWI IMI both had positive returns greater than 7.0% for October.
Fixed income indices were relatively flat except for the Barclays US high yield corporate bond index which returned 2.8% for the month of October. The Barclays US aggregate and global aggregate had returns of 0.02% and 0.2%, respectively.
The Dow Jones US Select REIT index also had positive performance in October returning just under 6.0%.
Global ETF Listing Region In equities, US funds were the clear leader of investor inflow with just under $10.0BN across the market cap spectrum of equity ETFs. European and emerging market equity ETFs also had very strong inflow in October with $3.5BN and $2.8BN, respectively. Natural resources had close to $4.5BN of inflow this month which has made the sector positive for the year. Year to date, equities as a global asset class has taken in almost $191.0BN of inflows. Fixed income ETFs had net inflows this month with the majority of assets moving into US fixed income. US had inflows of nearly $7.0BN and high yield was in favor within the asset class with $5.8 BN coming in for the month. Commodity ETFs had net inflows in October after a strong September. As an asset class, commodities saw almost $798MM in inflow with the majority of inflow directed toward energy commodity ETFs.
Source: State Street Global Advisors
Infographic-Black Swan Risks Heading into 2016
November 27, 2015--SocGen's latest evaluation still sees steep downside risk to market
The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Société Générale has come out with their most recent list of what the bank considers to be potential "black swans" to the market.
Source: visualcapitalist.com
ESMA and SFC to exchange information on derivative contracts held in trade repositories
November 26, 2015--The European Securities and Markets Authority (ESMA) and the Securities and Futures Commission (SFC) of Hong Kong have concluded a Memorandum of Understanding (MoU) that will allow the exchange of information on derivative contracts held in trade repositories.
This MoU allows ESMA and SFC to have indirect access to trade repositories established in the European Union and Hong Kong respectively. It became effective on 19 November 2015.
Source: ESMA
